This page contains TRS 4 account information. TRS 4 consists of members who entered TRS on or after Jan. 1, 2022. The Summary Plan Description for TRS 4 is published on the Financial Reports and Plan Information page.
The Voluntary Contribution Agreement is the form to be completed by the member and the employer and returned to TRS for additional amounts to be contributed by the member toward the supplemental benefit. Voluntary contributions may not exceed earnings on any paycheck from a TRS position. Members who want amounts withheld for voluntary contributions must complete this agreement. Voluntary contributions agreements may be changed over a career by submitting a new agreement. Voluntary contributions are held according to federal tax law in a 403(b) plan. Contributions are limited by law. The limit is on total contributions by or for a member, potentially including contributions made to the 403(b) and other plans outside TRS. The member’s supplemental benefit is credited with interest at a statutory rate annually on June 30 based on supplemental benefit balance on June 30 of the prior year.
The following is an Answering Common Questions video produced after the TRS 4 bill became law about how the new account type works.
Answering Common Questions: New Account Type Overview (2021)